Fixed Immediate Annuity

If you desire guaranteed immediate income for retirement or other needs, a single premium immediate annuity may be the right solution for you. You pay a premium in an amount of your choosing and your immediate annuity will pay you monthly, quarterly, semi-annual or annual income based on your premium paid and your life expectancy, among other factors.

SBLI offers several payout options, including life income with period certain for 5 (available for ages 90-95 only), 10, 15, or 20 years, period certain only from 10-30 years.


 Single Premium Immediate Annuity
Initial Premium Minimum initial premium $10,000. Fund with cash.
Additional Contributions No
Ages Available Up to age 90 (Non-qualified)
Income Payment Options Monthly, quarterly, semiannually, or annual payments for life, a fixed number of years, or a combination of both. Direct deposit of payments available.
Taxes Under non-qualified plans, a portion of each payment will consist of taxable interest income.
Annuity Maturity N/A
Withdrawals N/A
Surrender Charges N/A

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SBLI has consistently achieved high ratings from the nation's leading rating services, which measure an insurance company's financial strength, claims-paying ability and its ability to meet obligations to its policyholders.

AM Best Financial Strength A+ Superior       The Savings Bank Life Insurance Co. of MA BBB Business Review

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SBLI and The No Nonsense Life Insurance Company are registered trademarks of The Savings Bank Life Insurance Company of Massachusetts, which is in no way affiliated with SBLI USA Mutual Life Insurance Company, Inc. © 2013 The Savings Bank Life Insurance Company of Massachusetts, One Linscott Road, Woburn, MA 01801. All rights reserved.
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